Telegram-herald., 1887-05-02
IN TWO PENINSULAS
4 Review or Lake Superior
Miniag Matters.
HaTi saIPN:ATs Or ORE PaElIGTEl.
The aailrczds and Lacoring Men 70
Recsise lacreased csnefiis-- ne
vllsxs of Morisf Ftss Anotnsr
ecAadai - Csdar Springs
ara at Pleasant News
Nuggets.

,ls. ts.ss SCI vss st.s-.-. sts--'
fsaszurss. Agril 80. she weather con
iiaass 1fAg8ra0.s TOR prospecfers aud en-
plegers. u h4s sasssd nearly every day
during The 4eek. anA from pEsseat apoeaE-
snoss laa ssa-Aer ~ a0t bscoms settled
tsr txo seexs get The mines here oegan
saiuD.l4 ore - Escsnzs4 iast frii4f.
0aM0er ~ ore trains are Deinz r4h - TIE
e. 4 ~ co tAoazh tns Summer TINE ta1le
has not gone uto ers,t VET ine tniczxo
q N srta sesfsrn aa1 AaFlastie, Housht0a
4 onlonazan fslroais El4 have uezriY
$4,000 tons 0f ore more 10 aagl tnis season
tlaa asf and me htujilaz ~ tnls great
increase " business N.4 necessliaie a large
iler-aae Ia ths n1uloes of trains
The water ia tie LelloL ulle = noN De-
iae slowly pumped olL Last saturday u
was refaord seven feet. AZ f1e present
rats 81 progress ths water vil Dor D. out
much before Nay D. and = SiA lake a.
east TO yves 90 repair lie 4Amaze ~
ula8eriug. backs. etc Capt. odicsr, TIE
ibmk himsell i1Etana1- If be- has The mine
la as good share a. esiere ne acc dent oY
June l. Mining nIeo are Sill ~ lOss %
account Tor che walcs. bgt 70 is probaole
taa. t1e mystery ~ abe Hood vii be sx-
planned when lhe uiue j. pumped dry
asain li everything can &c put
la shape again by the nIst Of jane, the ore
product oi the Department THIS season vii
oe c1EtsHea Ihe owners expect % ship
about lgfy thousand tons lbs year II they
meet With co further bad luck
Ths America Iron Company. which $
developing property ten miles vest OF this
cify. 5 Interesting outside capital Ia the
snLerprise The american - one Of the
few mining companies organized and con-
trclis.l oy l0csl capitalists. Easter1 men
1wn a. 0f be other mioss ia the district.
lts very doubtful whether several Of the
ses at Negauuee in the LAST Range
0se owners have issued glow
prosgectives with an eve
sailing stock wll De able
80 ship ore this seas0a Their Osuers claim
that hey All ship from llo0O % 300
tons eaeh. bat bat smocnt Of ore from an
undeeelo loped mine means biz deposit and
= xrfal deal 90 Nogk. The east range has
been known less thsn = year. and the only
mines which ear be relied on fer a large
shipments this year are the Buffalo and
sam Mitchell he pioneer Bessemsr owned
By he iron Cliff 20. swan aud other mines
~ill MAKE small shipments. A great deal
Of booming has been done IN this district.
20 Is nor developed yet. and although
very promising district. people
wish 20 speculate Z ia stocks had
better keep their ewes open. AT distances
from the mine a stock certincate Of poor
mine. or a company owning no mine a. all
looks very much the same ~ the certificate
OF paying mine. Printing Il cheap, and il
costs very little % Orxanize company, but
experience il sometimes dearly bought.
Lodes 0f ore have been located oy spscu-
lators between Neg4uase snd Marquette.
awav Of the iron range. AMI II Is the sock
Of these mines that is being sold The
people who buy is viii learn something
ABOUT II Ia the next two
years. The Negaune> mine east
0f Nsxaunss. of which sam. Mitchell Is
correspondent. - just ~ present one of the
most promising properties IN the entire
Lake Superior districf Fine ore averaging
81 per cent. ia metallic iron has been found
recently. Stock % the Magazines mine -
n0t on ibs market. it Is not a speculative
property The company owning it has al
ready expended nearly 100000 IN develop
ing ths property. sud not a pound 0f ore
bas been shippet yet. The Negaunee will
probably no, be shipper before 1855. o0t
when % begins shipping Il Nill prove itself
one Of ths largest mines OF the Marquette
range. sam. Mitchell secured IN
cost Si75 90 Of the sl25 900 for which be
sold the mine bearing his name - New
York capitalists. The lawyers want 10
on 10 Nsw York syer the purchase. Viewed
from here II looks as though Mi.chslfs
larraio would hold good.
= In consequences 0f TIE boom IN the east
range reai estate az Nsfaunee hss advanced
nearly 81 per cent Eeai estate transactions
iu fha, city for the four months since Jan
usry { aggregate two snd quarter millions
Of aoilars out TIE large amount % course
includes the transfers ~ a number 81 vsius-
be miues. In tAis city zeal estate has al
vsnced. ent A. Nsrqpette there a a build
ing Boom. The pu0iie is al.o enjoying the
s3gsnfeges % increased ACTIVITY in mining
and rsiirost construction. M.chigamme.
which four years ago bore the gnenv able
reputation 0s being lie .iesdsss village 0f is
size n the state .t has ao0gt if0 people
Is now q lively ard prosperous town
The mines 0f ihe Msfuuetie range viii
begin shipping this season with more
ore in st0cs than ever before.